China Resources Beer (Holdings) Co (HKSE:00291) Gross-Profit-to-Asset % : 13.77% (As of Dec. 2023)

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What is China Resources Beer (Holdings) Co Gross-Profit-to-Asset %?

Gross-Profit-to-Asset % is calculated as Gross Profit divided by its average Total Assets over a certain period of time. China Resources Beer (Holdings) Co's annualized Gross Profit for the quarter that ended in Dec. 2023 was HK$11,183 Mil. China Resources Beer (Holdings) Co's average Total Assets over the quarter that ended in Dec. 2023 was HK$81,235 Mil. Therefore, China Resources Beer (Holdings) Co's annualized Gross-Profit-to-Asset % for the quarter that ended in Dec. 2023 was 13.77%.

China Resources Beer (Holdings) Co Gross-Profit-to-Asset % Historical Data

The historical data trend for China Resources Beer (Holdings) Co's Gross-Profit-to-Asset % can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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China Resources Beer (Holdings) Co Gross-Profit-to-Asset % Chart

China Resources Beer (Holdings) Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Gross-Profit-to-Asset %

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29.94

29.16

27.99

23.94

24.77

China Resources Beer (Holdings) Co Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Gross-Profit-to-Asset %	Get a 7-Day Free Trial															18.48	32.29	16.04	32.44	13.77

Competitive Comparison of China Resources Beer (Holdings) Co's Gross-Profit-to-Asset %

For the Beverages - Brewers subindustry, China Resources Beer (Holdings) Co's Gross-Profit-to-Asset %, along with its competitors' market caps and Gross-Profit-to-Asset % data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

China Resources Beer (Holdings) Co's Gross-Profit-to-Asset % Distribution in the Beverages - Alcoholic Industry

For the Beverages - Alcoholic industry and Consumer Defensive sector, China Resources Beer (Holdings) Co's Gross-Profit-to-Asset % distribution charts can be found below:

* The bar in red indicates where China Resources Beer (Holdings) Co's Gross-Profit-to-Asset % falls into.

China Resources Beer (Holdings) Co Gross-Profit-to-Asset % Calculation

China Resources Beer (Holdings) Co's annualized Gross-Profit-to-Asset % for the fiscal year that ended in Dec. 2023 is calculated as:

Gross-Profit-to-Asset %	=	Gross Profit (A: Dec. 2023 )	/	( (Total Assets (A: Dec. 2022 )	+	Total Assets (A: Dec. 2023 ))	/ count )
	=	17613.121	/	( (64002.271	+	78231.441)	/ 2 )
	=	17613.121	/	71116.856
	=	24.77 %

China Resources Beer (Holdings) Co's annualized Gross-Profit-to-Asset % for the quarter that ended in Dec. 2023 is calculated as:

Gross-Profit-to-Asset %	=	Gross Profit (Q: Dec. 2023 )	/	( (Total Assets (Q: Jun. 2023 )	+	Total Assets (Q: Dec. 2023 ))	/ count )
	=	11182.796	/	( (84238.603	+	78231.441)	/ 2 )
	=	11182.796	/	81235.022
	=	13.77 %

In the calculation of annual Gross-Profit-to-Asset %, the Gross Profit of the last fiscal year and the average total assets over the fiscal year are used. In calculating the quarterly data, the Gross Profit data used here is two times the semi-annual (Dec. 2023) data. Gross-Profit-to-Asset % is displayed in the 30-year financial page.

China Resources Beer (Holdings) Co Gross-Profit-to-Asset % Related Terms

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China Resources Beer (Holdings) Co (HKSE:00291) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Beverages - Alcoholic » China Resources Beer (Holdings) Co Ltd (HKSE:00291) » Definitions » Gross-Profit-to-Asset %

Traded in Other Exchanges

CRHKY:USA CHK:Germany

Address

No. 26 Harbour Road, Room 2301 and 2310, 23rd Floor, China Resources Building, Wanchai, Hong Kong, HKG

Website

https://www.crbeer.com.hk

China Resources Beer, or CR Beer, was originally a conglomerate enterprise with operations across retail, beer, food and beverage sectors. In September 2015, the company disposed of all its non-beer businesses and became a pure beer producer. Through a series of mergers and acquisitions, the company retains its leadership position in China's beer industry. Amid the premiumization trend in the domestic beer market, CR beer acquired Heineken China in 2019, which allows CR Beer access to a premium international brand and also leverages its sophisticated distribution network to grow Heineken's sales and market share. CR Beer is now China's largest brewer, with a volume share of about 24%, versus 18% of Tsingtao and 16% of Budweiser APAC, based on Euromonitor data.

Executives

Heineken Holding N.v.	2201 Interest of corporation controlled by you
Heineken N.v.	2201 Interest of corporation controlled by you

China Resources Beer (Holdings) Co (HKSE:00291) Headlines

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